Everest Group, Ltd. $EG Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC trimmed its position in Everest Group, Ltd. (NYSE:EG) by 46.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,169 shares of the company’s stock after selling 2,708 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Everest Group were worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EG. Norges Bank bought a new position in Everest Group during the second quarter worth $601,300,000. AQR Capital Management LLC increased its stake in Everest Group by 70.3% during the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after purchasing an additional 830,418 shares during the last quarter. Altrinsic Global Advisors LLC increased its stake in Everest Group by 37.2% during the second quarter. Altrinsic Global Advisors LLC now owns 937,296 shares of the company’s stock valued at $318,540,000 after purchasing an additional 254,317 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Everest Group by 157.5% during the third quarter. Alliancebernstein L.P. now owns 291,886 shares of the company’s stock worth $102,227,000 after purchasing an additional 178,536 shares during the period. Finally, Causeway Capital Management LLC bought a new position in shares of Everest Group in the 3rd quarter worth about $61,531,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Everest Group in a report on Thursday, January 22nd. Cantor Fitzgerald cut their target price on shares of Everest Group from $348.00 to $344.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. TD Cowen decreased their target price on Everest Group from $400.00 to $365.00 and set a “hold” rating for the company in a research note on Monday, December 15th. Keefe, Bruyette & Woods upped their target price on Everest Group from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Finally, Zacks Research upgraded Everest Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Six analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $363.21.

Everest Group Stock Down 0.1%

Everest Group stock opened at $317.63 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $370.20. The company has a 50-day simple moving average of $329.10 and a 200-day simple moving average of $330.89. The firm has a market capitalization of $12.83 billion, a P/E ratio of 8.39, a P/E/G ratio of 0.23 and a beta of 0.34.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Thursday, February 5th. The company reported $13.26 earnings per share for the quarter, missing the consensus estimate of $13.36 by ($0.10). The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $3.97 billion. Everest Group had a net margin of 9.09% and a return on equity of 12.50%. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($18.39) earnings per share. As a group, equities analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, March 13th. Everest Group’s payout ratio is 21.13%.

Everest Group Profile

Everest Group (NYSE:EG) is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.

With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.